The words “low-priced” and “insurance” really shouldn’t be used together, specifically when you are searching for the lowest insurance prices for drivers with good credit. Because of the high cost, let’s learn about some situations that significantly impact auto insurance rates, and see if you can reduce the cost of the next policy you buy.
The type of vehicle on the policy is probably the biggest factor when shopping around for the most affordable car insurance for drivers with good credit. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost less to insure than higher performance models.
The table below ranks auto insurance premiums for a handful of the most affordable automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,720|
|Volkswagen Jetta S 2.5 Station Wagon||$1,866|
|Hyundai Elantra GLS Touring Station Wagon||$1,967|
|Ford Focus SE 4-Dr Sedan||$1,997|
|Ford F-150 Lariat Crew Cab 4WD||$2,075|
|Honda CR-V LX 2WD||$2,107|
|Chevrolet Impala LTZ||$2,140|
|Toyota Corolla LE||$2,147|
|Chevrolet Equinox LTZ AWD||$2,179|
|Ford Fusion SEL 4-Dr Sedan||$2,185|
|Chevrolet Silverado LT Crew Cab 4WD||$2,179|
|Nissan Rogue S AWD||$2,185|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,209|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$2,218|
|GMC Sierra Denali Crew Cab 2WD||$2,325|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in vehicle garaging location which can influence price quotes greatly.
Looking at the data, we can presume that cars like the Ford Escape, Volkswagen Jetta, Hyundai Elantra, and Ford Focus will definitely be some of the most affordable vehicles to insure for financially responsible drivers.
Deciding which company has the cheapest insurance rates for drivers with good credit will involve a bit more effort in order to find the best policy. Every auto insurer has a proprietary method for determining prices, so we’ll go over the insurance companies with the overall best prices in Phoenix, AZ.
We do need to point out that Phoenix, AZ insurance rates are based on many factors that will increase or decrease your annual premium. Improving your credit rating, buying a new vehicle, or getting a reckless driving citation can trigger rate changes resulting in some companies being more affordable than competitors.
Find the Best Cheap Insurance for High Credit
The Hartford quotes some of the best car insurance rates in Phoenix at around $836 per year. Auto-Owners, Safeco, Travelers, and USAA also make the cut as some of the cheapest Phoenix, AZ auto insurance companies.
As shown above, if you currently have coverage with Auto-Owners and switched to The Hartford, you could see savings of approximately $52. Policyholders with Safeco may save as much as $60 a year, and Travelers customers might lower prices by up to $239 a year.
Bear in mind that those policy rates are averages for all insureds and vehicles and are not factoring in a specific location for drivers with good credit. So the company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to get car insurance quotes using your own individual information.
For financially responsible drivers, one of the big considerations that are used to help calculate the annual cost of car insurance is where you keep your vehicle. Areas with more people or more claims tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The illustration below sorts the most expensive places in Arizona for drivers with good credit to purchase car insurance in. Phoenix ranks #1 with the annual price of $1,268 for the average policyholder, which is approximately $106 monthly.
|2||San Tan Valley||$1,196|
|25||Lake Havasu City||$844|
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Table data uses estimated as vehicle location can lower or raise rates greatly.
Best insurance in Arizona
Buying coverage from a good quality auto insurance company is hard considering how many companies there are to choose from in Arizona. The company ratings below can help you analyze which companies you want to consider shopping prices with. These rankings include companies that insure vehicles nationwide, so companies that focus mainly on Arizona business are not taken into consideration for the list.
Top 10 Large Auto Insurance Companies in Phoenix Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Large Auto Insurance Companies Overall in Phoenix
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
The illustration below shows how choosing a deductible can influence insurance prices when quoting cheap insurance for drivers with good credit. The rates are based on a married male driver, full coverage, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could pocket $282 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $424 by changing to a $1,000 deductible. Young drivers, like the Age 20 chart data, could roll back prices $950 annually just by using higher deductibles. When using a larger deductible, it is necessary to have enough funds in savings to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Discount Phoenix insurance
Insurers that offer quotes for drivers with good credit may also offer policy discounts that could reduce prices by as much as 30% if you meet certain criteria. The best insurance companies and some of the premium reductions they offer are:
- Progressive may offer discounts for online signing, multi-vehicle, continuous coverage, multi-policy, good student, homeowner, and online quote discount.
- AAA offers discounts including pay-in-full, multi-car, good driver, anti-theft, good student, education and occupation, and multi-policy.
- Farmers Insurance offers premium reductions for switch companies, bundle discounts, good student, teen driver, pay in full, and business and professional.
- GEICO has discounts for driver training, multi-vehicle, anti-lock brakes, defensive driver, and daytime running lights.
- Esurance has savings for claim free, multi-car, anti-theft, good driver, and homeowner.
- SAFECO includes discounts for homeowner, teen safe driver, multi-car, teen safety rewards, accident prevention training, and drive less.
- State Farm offers discounts for driver’s education, good driver, Steer Clear safe driver discount, student away at school, accident-free, and safe vehicle.
The example below illustrates the comparison of insurance costs with and without discounts applied. The rates are based on a male driver, no accidents, no driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, multiple vehicle, anti-theft, claim-free, safe-driver, and multiple policy discounts applied. When these discounts are applied, theaverage amount saved on insurance for drivers with good credit is 28% or $528.
If you would rather get some professional input when shopping for cheaper insurance for financially responsible drivers, the agents below can probably provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation. To find an agent closest to you, click the button below the list.
- American Family Insurance – Jennifer Swenson
4731 N Central Ave – Phoenix, AZ 85012 – (602) 995-9334
- Allstate Insurance: Christine Yap
9303 N 7th St Ste 5 – Phoenix, AZ 85020 – (602) 371-0581
- Lupita Fernandez – State Farm Insurance Agent
2610 W Baseline Rd Ste 116 – Phoenix, AZ 85041 – (602) 633-2088
- Gunther Perdomo Llana – State Farm Insurance Agent
2040 E Bell Rd #110 – Phoenix, AZ 85022 – (602) 971-8488
- Jacob Rosell – State Farm Insurance Agent
2218 N 24th St – Phoenix, AZ 85008 – (602) 267-8200
How to find budget-friendly auto insurance for drivers with good credit
It’s not impossible to find cheaper rates, and here are some of the better money-saving solutions that can help Arizona drivers quote more affordable auto insurance.
- Avoid getting tickets or violations
- Avoid filing small claims
- Maintaining good credit helps earn cheaper rates
- Avoid having at-fault accidents
- Choose a safer vehicle and pay lower rates
- Compare rate quotes frequently
The final tip is remarkably vital, as we stressed in this write-up. Coverage rates can change considerably in a year, so don’t be unwilling to buy from a new company if you can find a cheaper rate.
Brand loyalty is great, but we do not recommend it if that stubbornness costs you thousands of dollars over the life of your policy. If you have a few minutes, now is a great time to compare prices to find cheaper insurance for drivers with good credit in Phoenix.